Wipro (NYSE: WIT) looking to make small acquisitions
Financial Express: Wipro Ltd. (NYSE: WIT), India’s third largest IT services firm, said today that it’s looking to make acquisitions in Europe and US. Azim Premji, in an interview with Reuters, said that Wipro aimed to boost sales in Japan by more than 50 percent in the year to next March to $90 million. They are looking at companies with revenues between $20 million and $70 million.
I recently highlighted Wipro Ltd. (NYSE: WIT) as a stock on sale here.